Russia Inflation Rate

The annual inflation rate in Russia increased to 5.2 percent in February of 2019 from 5 percent in the previous month, in line with market expectations. It was the highest inflation rate since December of 2016, boosted by prices of food, non-food products and services. In January of 2019, the government raised VAT to 20 percent from 18 percent. On a monthly basis, consumer prices went up 0.4 percent, after a 1 percent rise in January. Inflation Rate in Russia averaged 122.02 percent from 1991 until 2019, reaching an all time high of 2333.30 percent in December of 1992 and a record low of 2.20 percent in January of 2018.

Inflation Rate in Russia is expected to be 5.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Russia to stand at 5.00 in 12 months time. In the long-term, the Russia Inflation Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

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Russia Inflation Rate Rises to Over 2-Year High as Expected

The annual inflation rate in Russia increased to 5.2 percent in February of 2019 from 5 percent in the previous month, in line with market expectations. It was the highest inflation rate since December of 2016, boosted by prices of food, non-food products and services. In January of 2019, the government raised VAT to 20 percent from 18 percent.

Within the goods component, food cost advanced 5.9 percent in February, following a 5.5 percent rise in January and prices of non-food products rose 4.6 percent, after a 4.5 percent gain in the previous month. Also, services inflation picked up to 5.1 percent in February from 5 percent in January.

Annual core inflation rate climbed to 4.4 percent in February from 4.1 percent in the previous month. It was the highest rate since March of 2017.

On a monthly basis, consumer prices went up 0.4 percent, after a 1 percent rise in prior month and matching market consensus. Upward pressure came from all main categories: food (0.8 percent from 1.3 percent); non-food products (0.3 percent from 0.6 percent); and services (0.2 percent vs 1.1 percent).

Russia Inflation Rate Jumps to 2-Year High
Russia’s consumer price inflation increased to 5 percent year-on-year in January 2019 from 4.3 percent in the previous month, but slightly below market expectations of 5.2 percent. It was the highest inflation rate since January 2017 after the government raised VAT to 20 percent from 18 percent.Published on 2019-02-06

Russia Inflation Rises Above Forecasts to 18-Month High
Russia’s consumer price inflation increased to 4.3 percent year-on-year in December 2018 from 3.8 percent in the previous month, slightly above market expectations of 4.2 percent. It was the highest inflation rate since June 2017 on the back of rising prices of food and services while non-food inflation eased.Published on 2019-01-10

Russia Inflation Rate Rises to Near 1-1/2-Year High
Russia’s annual inflation rate rose to 3.8 percent in November 2018 from 3.5 percent in the previous month, still below market expectations of 3.9 percent. It was the highest inflation rate since July 2017 on the back of rising prices of food and non-food products while service inflation eased.Published on 2018-12-06

Russia Inflation Rate Climbs to 15-Month High
Russia’s annual inflation rate rose to 3.5 percent in October 2018 from 3.4 percent in the previous month, still below market expectations of 3.6 percent. It was the highest inflation rate since July 2017 boosted by prices of food, non-food products and services.Published on 2018-11-06